Input Tax Deduction 2
Dictionary and Journal

Input Tax Deduction Dictionary Definitions

The input tax deduction entitles the entrepreneur to deduct the turnover tax paid by him (the so-called input tax) from his turnover tax liability. Input tax deduction – offsetting received and paid input tax As the term input tax deduction expresses, i.e. the deduction of input tax , the entrepreneur offsets the sales tax paid […]

High-tech Start-up Fund
Dictionary and Journal

High-tech Start-up Fund Dictionary Definitions

Financing your own company and starting your own business represent a very big hurdle for many other founders like you. Many of them fail despite great business ideas at this initial hurdle . Founders in the fields of innovation and technology in particular have a high need for capital and need appropriate financiers and investors. […]

High-tech Start-up Fund 2
Dictionary and Journal

High-tech Start-up Fund Dictionary Definitions Part II

High-Tech Start-up Fund conditions for financing The HTGF sets some conditions for financing . These are at a glance: In the first round of financing, you as the founder can receive up to one million euros . The HTGF will set aside a maximum of a further 2 million euros for follow-up financing. This is […]

GmbH 7
Dictionary and Journal

GmbH Dictionary Definitions Part VII

What does the duty of care mean? The duty of care according to § 43 Abs. 1 GmbHG states that a managing director must show the care of “ a prudent businessman ”. If the managing director violates this duty of care, he must be liable to the company for the damage incurred. Organs of […]

GmbH 1
Dictionary and Journal

GmbH Dictionary Definitions Part I

When founding a company, the founders always have to decide on a legal form . A partnership or a corporation can be selected as the legal form. In addition to the stock corporation, the limited liability company (GmbH) is often chosen as a corporation . The decisive advantage of this legal form lies in the […]

GmbH 6
Dictionary and Journal

GmbH Dictionary Definitions Part VI

Income tax and social security – duties of an employer The managing director of a GmbH has a number of duties. This includes both tax and social security obligations. For example, the managing director must ensure that wage tax is always correctly paid for all possible employees in the GmbH. If he does not do […]

GmbH 5
Dictionary and Journal

GmbH Dictionary Definitions Part V

Which mandatory information apply to business letters from the GmbH? Merchants must always provide certain mandatory information in their business correspondence. In addition to conventional business letters, this also applies to e-mails. The information required for the GmbH and the UG (limited liability) results from Section 35 GmbHG. Accordingly, the following information is required to […]

GmbH 4
Dictionary and Journal

GmbH Dictionary Definitions Part IV

Liability in the event of bankruptcy Particular caution is also required with regard to liability in the event of bankruptcy . Even then, the shareholders only have to pay for the company’s debts with their invested capital. Often, however , the bankruptcy application is filed too late. Then things get tight for the managing director, […]

GmbH 3
Dictionary and Journal

GmbH Dictionary Definitions Part III

Admittedly, establishing a company and registering it in the commercial register requires a lot of time and precise preparation. Who would not like to be helped at this point? Often there is also a lack of knowledge of how to proceed with the registration. However, it is important to be careful, especially in connection with […]

GmbH 2
Dictionary and Journal

GmbH Dictionary Definitions Part II

What is the company name actually? The company name is a figurehead for every company. It is important to know, however, that you have to enter the company name in the commercial register. This is not the case with the business name. In § 17 HGB, it is described that the company of a businessman […]